Zimbabwe: 2003 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Zimbabwe
IMF Staff Country Reports, July 28, 2003
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- Zimbabwe: 2003 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Zimbabwe
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Bibliographic details
- Published: July 28, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451841442.002
Executive summary and macroeconomic assessment
- The Zimbabwean economy has deteriorated progressively over the past four years.
- Executive Directors expressed deep concern about this deterioration.
- Directors stressed the need to implement strong macroeconomic, monetary, fiscal, and structural policies.
Financial sector and prudential issues
- Directors urged the Reserve Bank of Zimbabwe to ensure that banks meet all prudential regulations.
- Directors urged that banks be adequately capitalized.
Data, transparency, and surveillance
- Directors welcomed Zimbabwe's participation in the General Data Dissemination Standards.
- Directors urged the authorities to strengthen the country's data base to improve the analytical basis for economic policy formulation and IMF surveillance.
Subjects and keywords
- Subject: Exchange rates, External debt, Foreign exchange, Inflation, Price controls, Prices
- Keywords: Africa, authorities' NERP, consumer price inflation, CR, Exchange rates, financing data, government, Inflation, ISCR, land reform, payment to the fund, Price controls, rate, repurchase rate, Southern Africa